Overview

Millepede International Limited was incorporated to acquire from Millepede Holdings Limited, its patents and intellectual property, its interest in the established overseas marketing companies and to commercialise and globally exploit these patented technologies and the Millepede brand name.Capital investment in Millepede Holdings Limited concentrated initially on the development of the Mille-Tie from conception to a patented design, to the establishment of marketing organisations in Europe and the United States of America and to the appointment of major distributors. During this progression the Continuous Injection Moulding machine and related Patents were acquired as well as an interest in the RF Technology. The Mille-Tie has won several independent awards in the United Kingdom. In particular it was voted 'Winner of the Most Innovative New Product Award 2000' by a pan European industrial readership of Fastener and Fixings Magazine.The publicity and status achieved as a result of winning this award together with our UK and US magazine campaign has led to purchases by major telecommunications distributors, who now have linked pages to the Companys website.Millepede International has commenced a marketing campaign to launch Mille-Tie worldwide. The Companys intensive campaign underway in the UK and the US will soon be commencing in Australia and mainland Europe. To satisfy the projected demand, steps have been taken to significantly increase production in the US and negotiations are underway with custom moulders in Europe and Australia.n addition to the Mille-Tie, Millepede will acquire a 51% equity interest in a US based joint venture company to develop the RF Technology. This exciting technology provides a means to harden plastic, such as nylon, to the point where it is proposed that it can be used as a nail or similar fastener. The current prototype nylon nail (Mille-nail) is well advanced and will be marketed using established distribution outlets. The Company intends to use RF Technology to similarly develop hardened screws and bolts. The board is of the opinion that the potential of this technology, especially in marine applications is significant.The Company's goal is to establish a globally recognized brand name, 'Millepede' for plastic fastening products of excellence, innovation and quality.

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